Business

Closing Bell: Domestic Indices Ended The Last Trading In The Red

Closing Bell: Domestic indices Nifty and Sensex gave up their intraday gains to close in the negative territory. The 30-share BSE Sensex fell 293.14 points or 0.48 percent to settle at 60,840.74 on Friday. The broader NSE Nifty declined 85.70 points or 0.47 percent to end at 18,105.30.

Closing Bell: Domestic Bank Nifty closed 0.5 percent but retained the 43,000 level. The broader markets and sectoral indices performed better, Nifty Smallcap 100 closed up 0.75 percent and Nifty Midcap 100 gained 0.5 percent. About 2139 shares have advanced, 1238 shares declined, and 140 shares are unchanged.

Rupee ends 12 paise higher at 82.72 vs dollar. Both gold and silver prices witnessed a fall in early trade on Friday. Gold held steady on Friday, but was headed for a second straight yearly loss as aggressive rate hikes by the US Federal Reserve dented the non-yielding bullion’s appeal.

Gold price fell by Rs 110, with ten grams of the yellow metal (24-carat) trading at Rs 54,600. Silver price, on the other hand, fell Rs 2,000 from yesterday’s close, and was selling at Rs 70,300 per kg.

US spot gold was little changed at $1,815.20 per ounce as of 0042 GMT. US gold futures fell 0.2 per cent to $1,821.90.

Spot silver rose 0.1 percent to $23.88, platinum slipped 0.6 per cent to $1,048.57 and palladium lost 0.1 percent to $1,812.36.

International oil benchmark Brent crude dipped 0.14 per cent to USD 83.34 per barrel.

Asian stock market

Closing Bell: Elsewhere in Asia, equity markets in Tokyo, Shanghai and Hong Kong ended in the green.

Japan’s Nikkei index on Friday gave up early gains to end flat ahead of the new year holidays and posted its first yearly loss in four years. The Nikkei closed flat at after rising as much as 0.9 percent earlier in the session. The index dropped 9.4 percent for the year, its first loss since 2018.

China stocks rebounded on Friday as traders looked for bright spots next year amid authorities’ vows to support growth, ending 2022 as the market logged the worst year in four.

China’s blue-chip CSI 300 Index closed 0.4 percent higher, while the Shanghai Composite Index gained 0.5 percent. Hong Kong’s Hang Seng Index edged up 0.2 percent, and the Hang Seng China Enterprises Index added 0.1 percent.

China shares recorded their worst yearly performance since 2019, with the CSI 300 Index down 21.6 percent. Hong Kong’s stock benchmark, meanwhile, slumped 15.4 percent to log the worst year since 2012.

European shares slipped in their last trading session of a rough year that was marked by geopolitical tensions and growing fears of a recession as central banks tightened their monetary policies globally.

Equity exchanges in Europe were trading lower in mid-session deals. Markets in the US ended in positive territory on Thursday.

Also read: Opening Bell: Sensex & Nifty Open In Green

Spriha Rai

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